Answer:
The ending inventory for the month of May using the LIFO inventory cost method is $324.
Explanation:
LIFO
LIFO method assumes that the last goods purchased are the first ones to be issued to the final customer.
This means valuation of inventory will use the value of the earliest goods purchased.
Ending Inventory : 2 units × $14 = $28
5 units × $16 = $80
12 units × $18 = $216
Total = $324
Conclusion :
The ending inventory for the month of May using the LIFO inventory cost method is $324.
Which of the following is not an advantage cost plus pricing
It leads to profit maximization is not an advantage of cost plus pricing.
What is Profit maximization?Profit maximization is a short- or long-term technique that helps businesses choose the prices, input levels, and output levels that will provide the most profit overall.
Businesses go through the procedure of profit maximization to ensure that the ideal levels of productivity and pricing are attained in order to maximize their profits. In order to meet its profit goals, the corporation alters crucial factors including sale price, cost of production, and value of output. Businesses must reduce costs if they want to increase earnings. Simply said, cost reduction refers to a company's ability to maximize production or provide a particular outcome with the fewest resources feasible.
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When writing a sales message in which price is an issue, what can you do to reduce resistance? Check all that apply.
Answer:
1. Explain your pricing structure
2. Focus on the value of your product or service
3. Compare your prices to the competition
4. Offer a discount or free trial
5. Give away free gifts or prizes.
These all sound like great ways to reduce resistance. However, it is always important to be honest and transparent in all marketing and sales messages. If you cannot offer a free trial or discount, then don't.
Explanation:
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $12,500,000. Halifax merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $613,000 in sales for credit, with $338,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. A) Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. B) What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:
Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.
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Sam bought 100 shares of common stock on company A at the price of $40.97 per share on June 1. Since then Sam has closely watched the monthly prices for company A: $45.19 on July 1, $49.75 on August 1 and $51.58 on September 1 of the same year. company A doesn’t pay any dividend. Based on the stock performance over these three months, what is the standard deviation for monthly returns on company A?
A. 10.50%
B. 10.09%
C. 3.68%
D. 3.76%
The standard deviation for monthly returns on company A is approximately 8.03%
What is the standard deviation for monthly returns on company ATo calculate the standard deviation of monthly returns, we need to first calculate the monthly returns for the three months of observation. We can do this by using the formula:
Monthly Return = (Current Price - Purchase Price) / Purchase Price
For July 1:
Monthly Return = ($45.19 - $40.97) / $40.97 = 0.103 or 10.3%
For August 1:
Monthly Return = ($49.75 - $40.97) / $40.97 = 0.2143 or 21.43%
For September 1:
Monthly Return = ($51.58 - $40.97) / $40.97 = 0.2589 or 25.89%
Next, we need to calculate the average monthly return (R) over the three months:
R = (10.3% + 21.43% + 25.89%) / 3 = 19.2%
Now, we can calculate the standard deviation (σ) of the monthly returns using the formula:
σ = √ [(Σ (Ri - R)^2) / (n - 1)]
where Ri is the return for the ith month, and n is the number of observations (in this case, n = 3).
Plugging in the values, we get:
σ = √[((10.3% - 19.2%)^2 + (21.43% - 19.2%)^2 + (25.89% - 19.2%)^2) / (3 - 1)]
= √[(94.86 + 3.62 + 35.37) / 2]
= √[(133.85) / 2]
= 8.03%
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WILL MARK BRAINLIEST
Most insurance companies benefit from selling you insurance because
a) They generally take in more premiums than they pay out
b) they are charitable institutions with a mission to reduce hardship
c) the government requires them to
Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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When submitting the completed project, please show all work and number each answer accordingly.
When calculating the NPV use the following five columns (use for ALL NPV calculations):
Item
Year(s)
Cash Flow
Discount Factor
Present Value of Cash Flows
1. Tony Skateboards is considering building a new plant. James Bott, the company’s marketing manager, is an enthusiastic supporter of the new plant. Michele Martinez, the company’s chief financial officer, is not so sure that the plant is a good idea. Currently the company purchases its skateboards from foreign manufacturers. The following figures ere estimated regarding the construction of the new plant.
Cost of plant
$4,000,000.00
Estimated useful life
15 years
Annual cash inflows
$4,000,000.00
Salvage value
$2,000,000.00
Annual cash outflows
$3,550,000.00
Discount rate
11%
James Bott believes that these figures understate the true potential value of the plant. He suggests that by manufacturing its own skateboards the company will benefit from a “buy American” patriotism that he believes is common among skateboarders. He also notes that the firm has had numerous quality control problems with the skateboards manufactured by its suppliers. He suggests that the inconsistent quality has resulted in lost sales, increased warranty claims, and some costly lawsuits. Overall, he believes sales will be $200,000 higher than the projected above, and that the savings from lower warranty costs and legal costs will be $80,000 per year.
Required:
a. Compute the Cash Payback period for the project based on the original projections.
b. Compute the net present value of the project based on the original projections.
c. Compute the Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits.
d. Compute the net present value of the project incorporating James’ estimates of the value of the intangible benefits.
e. Comment on your findings.
2. The partnership of Michele and Mark is considering the following long-term capital investment proposal. Relevant data on the project is listed below. Salvage value is expected to be zero for the project. Depreciation is computed by the straight-line method. The company’s rate of return is the company’s cost of capital which 12%.
Brown
Capital Investment
$200,000.00
Annual Net Income:
Year 1
$25,000.00
Year 2
$16,000.00
Year 3
$13,000.00
Year 4
$10,000.00
Year 5
$8,000.00
Total
$72,000.00
Required:
a. Compute the cash payback period for the project. (round to two decimal places)
b. Compute the net present value for the project (round to the nearest dollar)
c. Compute the annual rate of return for the project.
d. Compute the profitability index for the project.
1
The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.
Cash Payback Period = (Total Initial Investments- Salvage Value)/Net Annual Cash Flows
Cash Payback Period = (4000000-2000000)/(4000000-3550000)
Cash Payback Period = 4.44 years
The Cash Payback period for the project based on the original projections is 4.44 years.
Cash Payback Period = Total Initial Investments/Net Annual Cash Flows
Cash Payback Period = (4000000-2000000)/(4200000-3470000)
Cash Payback Period = 2.74 years
The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.
Simply divide the initial cash outlay of a project by the amount of net cash inflow that the project generates annually to find how to calculate payback period in practice. You might assume that the net cash inflow is constant each year in order to calculate the payback period formula.
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Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)
Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.
Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.
What is a database?A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.
A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.
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Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 3% of sales. By the end of the first year of selling the product, total sales are $29.4 million, and actual warranty expenditures are $140,000. What amount (if any) should Sony report as a liability at the end of the year
Answer:
the warranty liability is $742,000.
Explanation:
The computation of the warranty liability is as follows;
= Expected warranty liability - actual warranty expenditure
= ($29.4 million × 3%) - $140,000
= $882,000 - $140,000
= $742,000
Hence, the warranty liability is $742,000.
It could be come by applying the above formula so that the accurate amount could arrive
Bonita Company has the following inventory information. July 1 Beginning Inventory 30 units at $90 5 Purchases 70 units at $90 14 Sale 45 units 21 Purchases 40 units at $90 30 Sale 28 units Assuming that a perpetual inventory system is used, what is the ending inventory (round all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method? Select answer from the options below $6030 $6035 $6010 $6016
The ending inventory under the moving-average cost method is $6,030. Option A
How to calculate the ending inventory under the moving-average cost methodUnder the moving-average cost method, the cost of goods available for sale is divided by the total number of units available for sale to obtain an average cost per unit, which is then used to calculate the cost of goods sold and ending inventory.
Here are the calculations:
Calculate the cost of goods available for sale:
Beginning inventory: 30 units × $90 per unit = $2,700
Purchases on July 5: 70 units × $90 per unit = $6,300
Purchases on July 21: 40 units × $90 per unit = $3,600
Total cost of goods available for sale = $2,700 + $6,300 + $3,600 = $12,600
Calculate the total number of units available for sale:
Beginning inventory: 30 units
Purchases on July 5: 70 units
Purchases on July 21: 40 units
Total units available for sale = 30 + 70 + 40 = 140 units
Calculate the average cost per unit:
Total cost of goods available for sale / Total units available for sale = $12,600 / 140 = $90 per unit
Calculate the cost of goods sold:
Cost of goods sold = 45 units × $90 per unit = $4,050
Calculate the ending inventory:
Units available for sale - Units sold = 140 units - 45 units - 28 units = 67 units
Ending inventory = 67 units × $90 per unit = $6,030
Therefore, the ending inventory under the moving-average cost method is $6,030.
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1
Select the correct answer.
Which job is an entry-level position?
OA.
auditor
OB. marketing manager
OC.
restaurant manager
OD
room attendant
Reset
Next
Answer:
Option D: Room attendant
Explanation:
Its the only entry level jobs, as listed above b and c are managment positions which means you have to have experience. Auditors are appointed by a company to execute an audit you need to be certified by the regulatory authority of accounting and auditing or process certain specified qualifications.
Sunrise, Inc., has no debt outstanding and a total market value of $245,000. Earnings before interest and taxes, EBIT, are projected to be $19,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 25 percent higher. If there is a recession, then EBIT will be 40 percent lower. The company is considering a $58,800 debt issue with an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 5,000 shares outstanding. Ignore taxes for this problem. Assume the stock price is constant under all scenarios.
Required:
a. Calculate earnings per share, EPS, under each of the three economic scenarios before any debt is issued. Also calculate the percentage changes in EPS when the economy expands or enters a recession.
b. Repeat part (a) assuming that the company goes through with recapitalization. What do you observe?
Answer:
Sunrise, Inc.
a. Earnings per share (EPS) under the three economic scenarios before debt is issued:
Scenarios EBIT EPS Percentage Changes
Normal $19,000 $3.80 ($19,000/5,000)
Expansion $23,750 $4.75 ($23,750/5,000) 25% ($0.95/$3.80 * 100)
Recession $11,400 $2.28 ($11,400/5,000) 40% ($1.52/$3.80 * 100)
b. After capitalization, Earnings per share (EPS) under the three economic scenarios:
Repurchase of stock = $58,800/$49 = 1,200 shares
Outstanding shares = 3,800 (5,000 - 1,200)
Interest expense = $4,700 approx.
Net Income (taxes ignored) = $14,300
Scenarios Net income
Normal $14,300 ($19,000 - $4,700 Interest)
Strong Expansion $17,875 ($14,300 * 1.25)
Recession $8,580 ($14,300 * 0.60)
Scenarios Net income EPS Percentage Changes
Normal $14,300 $3.76 ($14,300/3,800)
Expansion $17,875 $4.70 ($17,875/3,800) 25% ($0.94/$3.76 * 100)
Recession $8,580 $2.25 ($8,580/3,800) 40% ($1.51/$3.76 * 100)
Observation:
The EPS changed under each scenario when the debt was issued, but the percentage changes remained similar to the changes before the debt issue. This can be attributed to the change in the outstanding shares from 5,000 to 3,800. With the debt issue, the EBIT is not used in the calculations but the income after taxes.
Explanation:
a) Data and Calculations:
Total market value = $245,000
Outstanding shares = 5,000
Market price per share = $49 ($245,000/5,000)
EBIT (Earnings before interest and taxes) = $19,000 (normal economic condition)
Scenarios EBIT
Normal $19,000
Strong Expansion $23,750 ($19,000 * 1.25)
Recession $11,400 ($19,000 * 0.60)
Debit issue = $58,800
Interest rate of debt = 8%
how should public funds be allocated
Answer:
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Explanation:
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Coral Corporation uses a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity 8,600 machine-hours Actual level of activity 8,800 machine-hours Standard variable manufacturing overhead rate $7.30 per machine-hour Actual total variable manufacturing overhead $61,770 What was the variable overhead rate variance for the month
Answer:
Variable manufacturing overhead rate variance= $2,640 favorable
Explanation:
To calculate the variable overhead rate variance, we need to use the following formula:
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Standard rate= $7.3
Actual rate= 61,770 / 8,800= $7
Actual quantity= 8,800
Variable manufacturing overhead rate variance= (7.3 - 7)*8,800
Variable manufacturing overhead rate variance= $2,640 favorable
The variable overhead rate variance for the month is $2,464.
What is Variable overhead variance?Variable overhead is the difference between actual variable costs, based on the cost of the indirect material involved in the production, and the budgeted costs called the standard variable overhead cost.
The formula for calculation of Variable overhead rate:
\(\rm\,Variable\;Manufacturing \;Overhead \; Rate \,Variance= (Standard \; Rate - Actual \; Rate)\times Actual \; Quantity\)
\(\rm\,Actual\; Rate = \dfrac{\$61,770}{8,800}\\\\\rm\,Actual\; Rate = \$7.02 \,Overhead \,Rate \, Per\, Machine\, Hour\)
Standard variable manufacturing overhead rate $7.30 per machine-hour.
\(\rm\,Variable\;Manufacturing \;Overhead \; Rate \,Variance= (\$7.30 - \$7.02)\times 8,800\\\\ \rm\,Variable\;Manufacturing \;Overhead \; Rate \,Variance= \$2,464\)
Hence, The variable overhead rate variance for the month is equal to $2,464.
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Meetings are a good place to decide what business to discuss.
Please select the best answer from the choices provided
OT
OF
It is a true statement that meetings are a good place to decide what business to discuss.
Why are meetings good place to decide what business to discuss?When teams plan to discuss ideas, share information or offer solutions to workplace challenges, they might schedule meetings to review these items. This provides coworkers with a collaborative space to freely express opinions and update each other on current tasks.
When conducting a meeting, consider sending an agenda and informing employees of the meeting's topic beforehand to ensure it's productive and engaging. Hence, it is true that meetings are a good place to decide what business to discuss. because it means that you can discuss whatever you want with team since everyone has gathered.
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the impact of monitoring and evaluating quality process on the motor industry
Impact of monitoring and evaluating quality process on the motor industry is improved product quality and customer satisfaction.
How does monitoring and evaluating quality processes helps?Monitoring and evaluating quality processes in the motor industry can have a significant impact on product quality and customer satisfaction. By closely monitoring the production process, manufacturers can identify any issues or defects early on and take corrective actions to ensure that the final product meets the desired quality standards.
This can help to reduce the number of defective products and improve customer satisfaction by delivering high-quality products that meet their expectations. So. it also help to identify areas where production can be made more efficient which leads to cost savings and increased profitability.
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A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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14. All are the reasons for market segmentation except: A. buyers are too numerous B. buyers are too varied in their needs and buying practices C. buyers are too widely scattered by demographics D. capability of companies managerially and financially E. none of the above
The correct option is E). None of the above as rest of the options are reasons for market segmentation.
What is market segmentation?Market segmentation refers to process of dividing the broad market into sub groups on the basis of needs, priorities, common interest etc.
The main elements of the market segmentation are demographic, psychographic, behavioral, geographic, and firmographic segmentation.
Market segmentation allows to target the specific audience rather than targeting entire audience.
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Q.2Tullahoma Company purchased equipment for $27,500. It depreciated the equipment over a fiveyear life by the double-declining-balance method until the end of the second year, at which time the asset was sold for $8,500. Calculate the gain or loss on the sale at the end of the second year.
Answer:
A loss of $1400
Explanation:
The double-declining method uses twice the straight-line depreciation method rate in calculating the depreciation amount.
The asset has a useful life of 5 years. The straight-line depreciation rate = 1/5 x 100
=20%.
The double-declining rate will be 40%
The depreciation schedule for two years will be as follows.
Open. Bal Dep. rate Dep. Amount Book value
$27,500 40% $11,000 $16,500.00
$16,500 40% $6,600 $9,900.00
The equipment was sold for $8,500
net gain or loss will be the selling price - book value
=$8,500 - $9,900
=- $1,400
A loss of $1400
QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)
b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)
a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).
ii) The break-even number of cakes is approximately 21.42 cakes.
b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.
a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.
Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.
We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.
After performing the calculations, we obtain the following results:
a = 4.07 (fixed cost)
b = 0.81 (unit cost)
Therefore, the estimated total cost function for the bakery's production of "super cakes" is:
Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)
ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).
Setting the total cost function equal to the revenue function, we have:
4.07 + 0.81 * Number of cakes = 10 * Number of cakes
Simplifying the equation, we find:
0.19 * Number of cakes = 4.07
Dividing both sides by 0.19, we get:
Number of cakes = 21.42
Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.
b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.
Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33
Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71
From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.
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since this conflict is dysfunctional and hurting our business, i recommened oyu speak with both cheryl and rick. what type of issues you thik you'll need to address
As conflict is dysfunctional and hurting the business; in recommending to oyu speak with both cheryl and rick, we will advice conflict resolution to the firm.
What does conflict resolution mean?Basically, conflict resolution is defined as the means and activities that facilitate the peaceful resolution of conflict and punishment. Committed group members try to settle group problems by actively conveying to the rest of the group information about their competing motives or ideologies (e.g., intentions; reasons for having specific beliefs) and engaging in collective negotiation.
The dimensions of resolution generally parallel conflict dimensions in how the dispute is processed. The way disputants interpret and perceive the disagreement is through their beliefs, perspectives, understandings, and attitudes.
An emotional resolve or emotional energy, is the way disputants feel about a problem. The behavior of the disputants is reflected in behavioral resolution. Finally, there are numerous strategies and procedures for dealing with disagreement.
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Answer:
To address the dysfunctional conflict and its impact on your business, speaking with both Cheryl and Rick would be a good step. Here are some potential issues you may need to address:
1. Lack of communication: Find out if there is a breakdown in communication between Cheryl and Rick. Determine if they are not effectively sharing information, ideas, or concerns.
2. Personality clashes: Assess whether there are personality conflicts between Cheryl and Rick. These clashes might be causing tension and hindering collaboration.
3. Power struggles: Investigate if there are any power struggles between Cheryl and Rick. Determine if they are competing for authority or control within the organization.
4. Misalignment of goals: Identify if Cheryl and Rick have different goals or visions for the business. Determine if their conflicting objectives are contributing to the dysfunction.
5. Role ambiguity: Determine if there is confusion or ambiguity regarding the roles and responsibilities of Cheryl and Rick. Clarify their job descriptions to prevent conflicts arising from overlapping duties.
6. Lack of trust: Assess if there is a lack of trust between Cheryl and Rick. Determine if they doubt each other's capabilities, intentions, or commitment to the business.
7. Resentment or unresolved issues: Investigate if there are any unresolved conflicts or past issues between Cheryl and Rick. These unresolved matters might be contributing to the ongoing dysfunction.
Remember, it is essential to approach these discussions with an open mind and aim for a collaborative resolution. Encouraging open communication, active listening, and finding common ground can help address these issues and improve the overall functioning of your business.
Explanation:
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Great Lakes Clinic has been asked to provide exclusive healthcare services for next year's World Exposition. Although flattered by the request, the clinic's managers want to conduct a financial analysis of the project. There will be an up-front cost of $160,000 to get the clinic in operation. Then, a net cash inflow of $1 million is expected from operations in each of the two years of the exposition. However, the clinic has to pay the organizers of the exposition a fee for the marketing value of the opportunity. This fee, which must be paid at the end of the second year, is $2 million. a. What are the cash flows associated with the project
The cash flow that is associated with this project are:
-$160000$1000000-$1000000What is a cash flow?This term is used to refer to the net cash that is moved in or out of a business at a particular time.
Cash flow for year 0
The initial cash flow = -$160000
cash flow = -$160000
Cash flow for year 1
This is the net cash flow = $1000000
Cash flow in the second year
Net cash flow minus organiners fee
= 1000000- 2000000
= -$1000000
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Discuss the six key elements required for designing organizational structure
Answer:
The six elements of organizational structure are job design, job grouping, department design, organizational hierarchy, authority designation and coordination between departments.
Job Design.
Job Grouping.
Departmental Design.
Establishing Organizational Hierarchy.
Authority Designations.
Departmental Coordination.
4. How does your new budget help you to meet your long-term goal of saving for college
A new budget help you to meet your long-term goal of saving for college: You may accomplish your financial and intellectual goals by using a budget.
A budget can also help you prepare for unanticipated expenses and difficulties. Setting goals will make the process of budgeting simpler. Budgeting requires making difficult decisions. One uses a budget to plan, manage, monitor, and enhance their financial situation.
In other words, by enabling you to control your spending and consistently set aside and invest a portion of your income, a budget keeps you moving in the direction of your long-term financial objectives. By keeping track of expenses and according to a plan, a budget makes it easier to pay bills on time, create an emergency fund, and save for large purchases like a vehicle or home.
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Select a current issue in Corporate Governance and write a 3 to 5 page paper that discusses why it is important and how it should be resolved.
Corporate governance refers to the rules and regulations, processes, and controls that businesses utilize to manage and operate effectively. The primary goal of corporate governance is to protect the interests of shareholders while also considering the interests of other stakeholders, including customers, employees, suppliers, and society as a whole.
One of the most critical components of corporate governance is ethics. Ethics is critical in business operations because it establishes trust and credibility among customers and other stakeholders.
A current issue in corporate governance that requires attention is the lack of diversity on corporate boards. Board diversity refers to the inclusion of people with various backgrounds, experiences, and perspectives on a company's board of directors.
The lack of diversity on corporate boards has been an issue for many years, but it has recently gained more attention due to the social unrest and inequalities highlighted by the Black Lives Matter movement.
The importance of board diversity cannot be overstated. The benefits of board diversity include broader perspectives, more effective decision-making, and better corporate performance. Diverse boards provide better representation for all stakeholders, including employees, customers, and suppliers.
There are several ways in which board diversity can be addressed. One of the most effective methods is through mandated quotas or targets. For instance, some countries have introduced laws that require a certain percentage of women to be included on boards.
Other methods include expanding the pool of potential board members by recruiting from diverse backgrounds or providing education and training to underrepresented groups.
In conclusion, board diversity is a critical issue in corporate governance. It is important to have diversity on boards to ensure that all stakeholders are represented and that decision-making is effective.
Various methods can be employed to achieve board diversity, including mandated quotas or targets, recruiting from diverse backgrounds, and education and training. The inclusion of board diversity will not only benefit the company but also the broader society.
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what can cause money supply to change by less than than the amount
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Erin Murdoch, an architect, organized Modern Architects on January 1, 20Y4. During the month modern Architects completed the following transactions
The journal entries to record these transactions would be:
1. Cash 25,000, Capital 25,000
2. Insurance Expense 800, Cash 800
3. Equipment 5,000, Cash 5,000
4. Rent Expense 1,400, Cash 1,400
5. Service Revenue 2,000, Accounts Receivable 2,000
6. Salaries Expense 1,000, Cash 1,000
7. Accounts Payable 2,000, Supplies Expense 2,000
What is the journal entry?In the accounts of your company, a record of a commercial transaction is referred to as a "journal entry."
When you maintain your books using the double-entry method, you record every transaction in at least two different journal entries.
Journal entries are used by a bookkeeper to keep track of all of the many changes that are brought about in a firm as a result of transactions.
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CQ
Erin Murdoch, an architect, organized Modern Architects on January 1, 20Y4. During the month modern Architects completed the following transactions
1. Erin contributed $25,000 cash to start the business
2. Paid $800 for insurance
3. Purchased office equipment for $5,000 cash
4. Paid $1,400 rent for the month
5. Earned $2,000 in design fees
6. Paid $1,000 in salaries
7. Purchased supplies on account for $2,000
What is the jounal entry
Sarah is having a hard time finding a template for her advertising business that she may be able to use at a later date and also make it available to her colleagues.
Answer:
The advertising business could use Sarah's template and give it to her colleagues and sell it out to everyone.
Explanation:
She can then use the other templates for a later date and make it availbale to her colleagues whenever they need it.
A: creating a custom template
Discuss the economic conditions and economic institutions that affect personal finance.
Answer:
Economics and Personal Finance. Instruction in economics and personal finance prepares students to function effectively as consumers, savers, investors, entrepreneurs, and active citizens. Students learn how economies and markets operate and how the United States' economy is interconnected with the global economy.
Why is OpenAI recognized for changing the industry?
OpenAI recognized for changing the industry because it aid:
Online shopping and advertising. Web search.Digital personal assistantsWhat is the purpose and usefulness of artificial intelligence?OpenAI can be described as a research and deployment company that is set up to establish artificial general intelligence benefits to the humanity as a whole.
How the OpenAI can change industry includes;
Help them in term of advertisement to increase profit.Online assistance to reduce number of workers , hence reduce cost.Render web search assistance.Conclusively, OpenAl can use of Digital personal assistants to help industry.
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